This is what the post says: If you really want the short squeeze to succeed, you have to understand a few things: 1) This is not a one-day battle. Wasting all your bullets tomorrow will not necessarily help. In order for the short squeeze to happen, the increase in share price should happen AND remain at high level for at least a few days (a week or longer at a minimum). 2) In order for it to work, you need to focus on one stock only. The best idea is to focus on the stock of Top Glove, because the short position on Top Glove's stock is the closest to the regulated short selling maximum limit of 4% imposed by Bursa Malaysia. The current net short position is at 3% of Top Glove's stock, so the short seller has only about 80 million to 85 million more shares they can short sell (this is provided they can find a willing lender of the shares). 3) The short seller is already experiencing a big loss, because they shorted shares at a very low price. Their current losses are estimated at between RM150 million and RM200 million. Every 1 cent of increase in the share price of Top Glove costs them between RM2 million and RM3 million in extra losses. If the price of Top Glove increases by 1 ringgit tomorrow for example, the short seller will be at RM200 million to RM300 million of extra losses. This is unrealised loss, that is why you need to hold the shares for at least a week until the loss gets realised when the short seller will start buying back the previously shorted shares. I am not endorsing you to do this. I am just explaining how it could work, if you want it to work.
gloveharicut
Reminder to myself.
I will only sell when ASP come down but not stock price come down.
2021-01-29 09:03